Other Private Equity/Strategic Investments
Real estate asset mgmt enabler Black Opal attracts $3-M from SBI, HDFC Bank
Noida-headquartered property assets management company Black Opal Group has attracted USD 3 million (around INR 25 crore) from a clutch of investors, including SBI and HDFC Bank. The company plans to use the fresh funds to expand its services and the team of JustHomz, a prop fintech B2B2C platform it had set up last year.Founded by Prasoon Chauhan and Ishan Agarwal in 2020, Black Opal Group operates through its asset management vertical, a non-banking financial company (NBFC), JustHomz.com. The platform focuses on improving the home buying experience by prioritising customer privacy, providing a user-friendly map interface, easy access to property documents, and by introducing a scoring algorithm called Just Scorz.The company aims to onboard more than 100,000 customers and achieve USD 3-5 million in loan disbursements through the app in the next 3-6 months.
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